AcquisitionsApr 21, 2026, 05:17 PM
Laird Superfood Acquires Terrasoul for $48M, Raises $60M
AI Summary
Laird Superfood, Inc. completed the acquisition of Terrasoul Superfoods, LLC for $48.0 million in cash on April 21, 2026. Concurrently, the company issued and sold 60,000 shares of Series A Preferred Stock for $60.0 million to Gateway Superfood NSSIII Investment, LLC and Gateway Superfood NSSIV Investment, LLC. The proceeds from the preferred stock sale were utilized to fund the Terrasoul acquisition, expanding Laird Superfood's portfolio.
Key Highlights
- Laird Superfood acquired Terrasoul Superfoods, LLC for $48.0 million in cash.
- Issued 60,000 shares of Series A Preferred Stock at $1,000 per share.
- Raised $60.0 million from Gateway Superfood NSSIII and NSSIV.
- Proceeds from preferred stock sale funded the Terrasoul acquisition.